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Trending Stock - OCR Group (7071)

CapitalmanS
Publish date: Mon, 24 Jun 2024, 01:22 AM

OCR Group has recently demonstrated strong bullish momentum, breaking through key resistance levels of RM0.085 and RM0.095, and reaching a 52-week high of RM0.115. Our analysis indicates a convincing uptrend pattern, supported by both Exponential Moving Average (EMA) and Moving Average (MA) indicators. This trend is further bolstered by substantial institutional buying interest, as evidenced by the red bar on the chart below.

We anticipate that OCR Group will continue to challenge higher resistance levels of RM0.125 and RM0.145 in the coming week.

Key Levels to Watch

- Resistance: RM0.110

- Support: RM0.095, RM0.085

- Target Price (TP): RM0.125, RM0.145

With strong technical indicators and robust buying interest, OCR Group is well-positioned for continued upward movement. Investors should keep an eye on the support and resistance levels, as breaking through these points could signal further gains.

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